Hmmmm.....Interesting that BIT is no longer relying on the...

Hmmmm.....

Interesting that BIT is no longer relying on the options for future funding. Nor are they mentioning any commercial deals to inject csh into the bank account (though perhaps that is expected as any negotiations would have a degree of secrecy attached).

They are purely relying on the hastened R&D rebate of $1mil to fund operations. That is running on the skin of your teeth and will only cover the rest of the year and just into 2025.

Financial management is appalling - have not come across another company that would expose itself to this sort of " maybe something will come out of left field" approach to operating a business.